On the other hand, Atlantic Equities analyst James Cordwell believes Pinterest can return to attaining double-digit growth in the second quarter.
The digital scrapbooking company’s CFO, Todd Morgenfeld said, “All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature. But we’re focused on building the best version of Pinterest we can over the next several years.”
Zoom is focused on getting more customers
Meanwhile, the stock price of Zoom sky high on its market debut. ZM shares closed $62 each, up by more than 72 percent from its IPO price of $36. Its market value reached $16 billion.
The videoconferencing company’s stock performance showed that investors are really bullish on its profitability.
In a noted to client last month, D.A. Davidson analyst Rishi Jaluria, wrote, “We are impressed with Zoom’s rapid growth while generating both cash and GAAP profitability, and enterprise traction.”
